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Tech Meme

Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

Dublin-based payments startup NomuPay, formed from Wirecard and other assets, discloses raising $53.6M to date, ~$15M recently, and plans a “proper raise” soon (Ingrid Lunden/TechCrunch) 31-05-2023

Ingrid Lunden / TechCrunch: Dublin-based payments startup NomuPay, formed from Wirecard and other assets, discloses raising $53.6M to date, ~$15M recently, and plans a “proper raise” soon  —  We still see regular updates on the calamitous fallout of the 2020 collapse of Wirecard, the now-insolvent fintech … Lees verder op Tech Meme

Apple touts an Analysis Group study saying App Store ecosystem generated $1.1T in 2022, up 29% YoY, with $910B coming from sales of physical goods and services (Sarah Perez/TechCrunch) 31-05-2023

Sarah Perez / TechCrunch: Apple touts an Analysis Group study saying App Store ecosystem generated $1.1T in 2022, up 29% YoY, with $910B coming from sales of physical goods and services  —  Ahead of Apple’s Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release … Lees verder op Tech Meme

Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist (Andy Greenberg/Wired) 31-05-2023

Andy Greenberg / Wired: Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist  —  Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say. Lees verder op Tech Meme

Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation (Jeff John Roberts/Fortune) 31-05-2023

Jeff John Roberts / Fortune: Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation  —  The biggest crypto wallet you’ve never heard of is flourishing.  San Francisco-based Magic announced on Wednesday that it’s raised $52 million … Lees verder op Tech Meme

Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015 (Ingrid Lunden/TechCrunch) 31-05-2023

Ingrid Lunden / TechCrunch: Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015  —  Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that’s building technology … Lees verder op Tech Meme

A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit (Jenny Surane/Bloomberg) 31-05-2023

Jenny Surane / Bloomberg: A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit  —  Zap $50 to a friend via Venmo.  Trade Bitcoin on Robinhood.  Get a student loan with SoFi. Lees verder op Tech Meme

Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company prepares to battle Nvidia over AI chips (Forbes) 31-05-2023

Forbes: A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company prepares to battle Nvidia over AI chips  —  AMD’s CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker’s stock price up nearly 30-fold in less than a decade. Lees verder op Tech Meme

Filing: Ontario Securities Commission opened an investigation on May 10 into Binance over trying to skirt regulations; Binance withdrew from Canada on May 12 (Emily Nicolle/Bloomberg) 31-05-2023

Emily Nicolle / Bloomberg: Filing: Ontario Securities Commission opened an investigation on May 10 into Binance over trying to skirt regulations; Binance withdrew from Canada on May 12  —  Crypto exchange Binance Holdings Ltd. said it has received an order from one of Canada’s securities regulators to investigate whether … Lees verder op Tech Meme